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Sep 26, 2012
09/12
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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Oct 1, 2012
10/12
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the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as conservative economics. it's opening the horizon to the economy to human creativity. and human creativity always comings as a surprise to us. you can't plan it. if you get k plan it, you wouldn't need it. >> can p mitt romney use the phrase politically supply side economics. i think he could if he says that he's reviving the reagan administration. the book was quoted more by -- president reagan most quoted author. he quotedded the book regularly throughout the administration. and reagan didn't balance the budget. he had actually during the reagan adminis
the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as...
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Sep 30, 2012
09/12
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CSPAN2
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we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces inequality, the more urgent it becomes for those benefiting from the inequality capitalism producers to control the politics because the alternative would be good. they're not going to do that. they're not going to allow the political system to function undoes what they have achieved in their mind in the economic system. they're not going to do that. see you can watch as america becomes more and more unequal, then it becomes necessary for politics to become more and more dependent on the money, dependent on the corporations to provide contributions to the ec
we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces...
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Sep 29, 2012
09/12
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the political apparatus, political dimension is making us forget the economy factors. there would be no democracy in the region if we don't have economic stability. to open up countries or open the market is something we know in africa. happened before. to deal with the arab world as we are very happy these people are for justice and we don't care which kind of political and economic policy for new positioning we get in the global economy which is very naive and we have to be cautious with this. we were dealing with this, something which is not as easy as this. it is if i have to talk about an intellectual revolution that is changing and we have to cope with this and hope the new generation are going to start from there. this is the beginning of the book and also saying hosni mubarak didn't know what was happening that -- many people were arrested because they were in the west and they were arrested. they knew something was happening. the american ambassador sent a note to the american government saying there are young people who want to get to the hosni mubarak regime
the political apparatus, political dimension is making us forget the economy factors. there would be no democracy in the region if we don't have economic stability. to open up countries or open the market is something we know in africa. happened before. to deal with the arab world as we are very happy these people are for justice and we don't care which kind of political and economic policy for new positioning we get in the global economy which is very naive and we have to be cautious with...
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Sep 27, 2012
09/12
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the first factor is the economy. the economy, yes, not great now but it's a lot better than it used to be. and i think we're beginning to get the sense that voters will actually give credit for how much things have improved relative to a disastrous economic situation of the first year. they do in fact remember a few years back. is some political scientist to maintain voters can remember what they had for breakfast and basically they just vote on what's happening at the i think we're seeing there is an influence of what went before, the people blame for what went before, and how people see the current encompass in the olympics i think as with seeing the economy pick up a bit, seeing consumer confidence gain strength, that this is really helping obama to take the edge off the whole economic strategy for the romney team. just saying obama is the president, there's a bad economy, vote for me, i'll make it better doesn't seem to be totally doing the trick. i think the obama strategy has been pretty effective. i think he i
the first factor is the economy. the economy, yes, not great now but it's a lot better than it used to be. and i think we're beginning to get the sense that voters will actually give credit for how much things have improved relative to a disastrous economic situation of the first year. they do in fact remember a few years back. is some political scientist to maintain voters can remember what they had for breakfast and basically they just vote on what's happening at the i think we're seeing...
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Sep 29, 2012
09/12
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economy when the economy were to recession, something over 90% of the losses were among books, not necessarily a trading activities, although i will tell you it turns out those investment banks had a lot of ended tories also. so we live in a state, a wholesale bank and we are wholesaling the investment bank and we are frankly the only ones left because part of citigroup, morgan stanley has come up as you know they just bought a retail business that have gone into retails. she, i hope we have right. >> last man standing. >> i don't want to be the last minute and then for a few minutes. last night the point is we made a decision as a matter of strategy 20 years ago that if we stay focused on our core competencies and not branch out on things you do very well and that we never do as well as you do. so we are advisories, financiers, asset managers and a wholesale world for our clients a the government and big companies and that is what we know how to do. we don't know how to do signage for branches. [inaudible] >> you do. >> can get into her care, but u.s. stocks, u.s. bonds, u.s. real estate. whi
economy when the economy were to recession, something over 90% of the losses were among books, not necessarily a trading activities, although i will tell you it turns out those investment banks had a lot of ended tories also. so we live in a state, a wholesale bank and we are wholesaling the investment bank and we are frankly the only ones left because part of citigroup, morgan stanley has come up as you know they just bought a retail business that have gone into retails. she, i hope we have...
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Sep 27, 2012
09/12
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in the 21st century global economy. those communities that created will be the communities that thrive in our market economy. and those communities that do not will be the ones who fall behind. san antonio, i believe, needs to make a huge investment in education. that investment is not limited to more money. it also means getting parents involved. it also means expecting more from everybody along whole education ecosystem, from administrators to policy-makers to teachers come expecting more out of everyone. so what i have on the table in san antonio is basically a 1/8 cent sales tax that will cost the median household in the city $7.81 per year. mind you, every day in texas, it cost $359.81 to keep a juvenile incarceration. what we have on the table is the opportunity to educate more than 22,404-year-olds with -- 22,400 4-year-olds with high quality pre-k. >> i don't believe that taxes are inherently evil. >> that will be tweeted, by the way. [laughter] give them a second. [laughter] >> i do believe that taxes are inher
in the 21st century global economy. those communities that created will be the communities that thrive in our market economy. and those communities that do not will be the ones who fall behind. san antonio, i believe, needs to make a huge investment in education. that investment is not limited to more money. it also means getting parents involved. it also means expecting more from everybody along whole education ecosystem, from administrators to policy-makers to teachers come expecting more out...
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Sep 26, 2012
09/12
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economy. i think if there's one thing that we are learning from all the multilateral surveillance work that we're doing, it's the degree of interconnectedness, of interdependence that all the economies have amongst themselves. so it's -- >> how confident are you? >> i'm desperately confident. [laughter] >> thank you so much. >> maurice? >> morgan goldstein, peterson institute for international economics. managing director, thank you for one of the most interesting speech in discussing eurozone. you indicate -- >> i'm always cautious when i hear an english speaking person so interesting because it can be anything. >> well, you are quite right to. [laughter] but let me proceed anyway. >> all right. >> you indicated that discussing the eurozone, there was a need for a growth friendly measures, not just austerity. but outside of the ecb bond buying program, what are those growth friendly measures? why should we think that these will be sufficient to pull the eurozone out of recession? when discuss
economy. i think if there's one thing that we are learning from all the multilateral surveillance work that we're doing, it's the degree of interconnectedness, of interdependence that all the economies have amongst themselves. so it's -- >> how confident are you? >> i'm desperately confident. [laughter] >> thank you so much. >> maurice? >> morgan goldstein, peterson institute for international economics. managing director, thank you for one of the most interesting...
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Sep 29, 2012
09/12
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how would you describe our economy today? >> guest: i think right now the economy has worsened. you have got a jobs problem pretty severe and persistent. at 8.1% of the country without a job and of course we know that does not include those who have simply stopped looking so then employment rate is or like 11 or 12% of the country. you mentioned the durable goods numbers yesterday. that indicated things like washing machines and other big-ticket expensive items, waiting to put big money down on important purchases and then of course you have got the gdp numbers yesterday which came out and showed that growth was revised downward, economic growth was revised downward to show it a gross number of 1.3% which is pretty anemic. that is down from 1.7% so from that report we say things have actually worsened in the last couple of months in the neo-got the issue of business is businesses really sitting on their cash. right now corporate america frankly is pretty strong. corporate america over the last four years ever since the financial crisis has really slimmed down and companies, larg
how would you describe our economy today? >> guest: i think right now the economy has worsened. you have got a jobs problem pretty severe and persistent. at 8.1% of the country without a job and of course we know that does not include those who have simply stopped looking so then employment rate is or like 11 or 12% of the country. you mentioned the durable goods numbers yesterday. that indicated things like washing machines and other big-ticket expensive items, waiting to put big money...
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Sep 27, 2012
09/12
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development planning, based on the economy. that runs in a vicious circle creating an unhealthy and devastating conditions and it is a failed practice. b, the cultural situation. from the standpoint of the politicians who control the world power centers, moral principles -- not principles are rejected as defunct and outdated notions and an impediment to the congressman to their goals. they ultimately talk about their disbelief in the relevance of ethics to the political and social affairs. and indigenous culture of centuries-old efforts of the nations reflecting the profound feeling of love towards beauty and which believes diversity and social dynamism are under constant attack and susceptible to extinction. individual social identity is being opposed to nations by organizing systematic destruction of identities. family and societies at the center emanating love and humanity has been seriously -- and its role is under decline. as a heavenly being a manifestation of the divine image and beauty and the main pillar of every socie
development planning, based on the economy. that runs in a vicious circle creating an unhealthy and devastating conditions and it is a failed practice. b, the cultural situation. from the standpoint of the politicians who control the world power centers, moral principles -- not principles are rejected as defunct and outdated notions and an impediment to the congressman to their goals. they ultimately talk about their disbelief in the relevance of ethics to the political and social affairs. and...
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Sep 28, 2012
09/12
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is their anybody that thinks that raising taxes will help the economy? no, his plan is to continue what he's done before. the status quo has not worked. we cannot afford four more years of barack obama and we are not going to have four more years of barack obama the first thing in the article here is getting medicare costs under control is the number-one priority and the most untouchable thing, but that is critical cause more trouble than any of the problem we've got fiscally in the united states. getting medicare costs under control is the number-one thing. >> you say we also surcharged smokers and the obese for their medicare coverage. where did that idea come from? >> i am the person that put it in the memo but i didn't have to fight very hard for it. also, i ran into this, something i ran in "the washington post" install of calling people morbidly obese i called them mega fatties and i was refuted by "the washington post" for being insensitive, which i guess i probably am. this is another thing where everybody knows this to be true and someone has to
is their anybody that thinks that raising taxes will help the economy? no, his plan is to continue what he's done before. the status quo has not worked. we cannot afford four more years of barack obama and we are not going to have four more years of barack obama the first thing in the article here is getting medicare costs under control is the number-one priority and the most untouchable thing, but that is critical cause more trouble than any of the problem we've got fiscally in the united...
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Oct 2, 2012
10/12
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it is what makes our economy. a bigger government taking more, demanding more and more, more intrusive in our lives will not make america stronger, instead, restoring freedom and opportunity will get america to work again, and i will do it. [cheers] [applause] and it is important. this election is not just about four years. it is about the course for america. over decades, we are going to make a choice now which is going to affect us for the rest of our lives. you said, all talk, you listen. and so i sat. and, then he said this, repeatedly, where is american leadership? we need american leadership. america is the only nation on earth that is a superpower and we need american leadership. [cheers] [applause] to for the last four years, we have had a foreign policy led by the strength of the personality. we need to strengthen american military and our economy and america's principles if we are going to keep this world more safe. [cheers] [applause] the greatest thing about this campaign for me personally has been mee
it is what makes our economy. a bigger government taking more, demanding more and more, more intrusive in our lives will not make america stronger, instead, restoring freedom and opportunity will get america to work again, and i will do it. [cheers] [applause] and it is important. this election is not just about four years. it is about the course for america. over decades, we are going to make a choice now which is going to affect us for the rest of our lives. you said, all talk, you listen....
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Sep 29, 2012
09/12
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CNN
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we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought he
we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected...
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Sep 30, 2012
09/12
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high unemployment, a lot of uncertainty about the future of the economy. we have uncertainty about the future of the country, allies who are very uncertain about us and some who are deserting us. we have lots of american prestige abroad. an entity that says a disaster in an attempt to kill bin laden, that would be the pivot point. she was concerned about the politics and reelection possibility. hillary clinton, petraeus,, panetta are concerned about missing an opportunity. this is a guy who killed 3000 americans. if america ever learned was how to mentor sites and pull the trigger. >> that to the leadership quotient comes down. just go right. >> host: the president's decision early on was certainly something readers could understand. what would happen afterwards i think was really quite striking. here again perhaps even fingerprints of valerie garrett? >> guest: perhaps. imam's body has splashed out the back only hours before. and now, here's the president of the united states racing to the television cameras to tell the world. the intelligence and militar
high unemployment, a lot of uncertainty about the future of the economy. we have uncertainty about the future of the country, allies who are very uncertain about us and some who are deserting us. we have lots of american prestige abroad. an entity that says a disaster in an attempt to kill bin laden, that would be the pivot point. she was concerned about the politics and reelection possibility. hillary clinton, petraeus,, panetta are concerned about missing an opportunity. this is a guy who...
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and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but then on the same time you say that not very much is being done at all one thing is that they're blaming everyone but themselves first of all it was it was the euro crisis then it was the high high commodity rise in commodity prices and so they claim that the policy of a stereo should bring about the recovery but that it's been derailed by these unfortunate acts shocks but the pol
and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will...
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broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the states. kerry. as the press calls and we'll be back in a minute after we take the small banks out stay with us continue. the mission. critique a should be free. for chargers free. range month free. free. to tide free. download free broadcast quality video for your media projects free media and don hearty. good laboratory to mccurry was able to. building a new. mission to teach creation. this is why you should care only. british. market. find out what's really happening to the global economy with. the global financial headlines. and realized. welcome to the big picture. welcome back
broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the...
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Sep 30, 2012
09/12
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in southern afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a result, he woull sort of helped them out. so the problem was we tried to do too much of it at once. a h think of southern afghanistan and the farmers there is a of i, parched amman on a hot day.m ine instead of giving them a tall glass of ice water, we literallt turned the fire hose on him, ruining him on the process. beig we tried to pour so much moneypd in bed it wound up becomingy, counterproductive. this was a program that was trying to spend $300 million in and just two provinces in one year. not surprisingly, we wound upr t shoveling the goods of afghanthy and they drove it over to the border to pak
in southern afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a...
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and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks of the same type and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own terms one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private individuals have needs to be reduced under the scheme he says that cash should be issued to individuals and those with debt would have to use it to pay that debt down and those without it would have a cas injection and it sounds like a great scheme and do you think it would work but well i've suggested this as well in an article in the new statesman last week yeah that's fine i mean if you put money in that into the hands of the people. and make sure they as you say spend it in one way or another. then i think that gives a boost to the economy because they could even increase their spending and therefore
and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks of the same type and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own terms one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private...
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Sep 28, 2012
09/12
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annually to her nation's economy. it will help make sure that these contributions continue for years to come. i will stop here and allow michael to give you more details. thank you for your support of america's aviation system and for keeping this economic engine running at full throttle. >> the administrator and members of the subcommittee, as you just heard from the secretary, nextgen is happening now. this is not something we are doing alone. it is a public and private partnership that will enhance the safety of her and lay the groundwork for the united states to continue to operate the safest aviation system in the world. i have made it a priority to step up our collaboration with our stakeholders and externally to increase the focus on nextgen and to bring benefits to the traveling public now. the faa has long history of engaging with develop consensus around policy, programs, and regulatory decisions. we have worked closely with our industry partners such urgency and have incorporated important advice from that
annually to her nation's economy. it will help make sure that these contributions continue for years to come. i will stop here and allow michael to give you more details. thank you for your support of america's aviation system and for keeping this economic engine running at full throttle. >> the administrator and members of the subcommittee, as you just heard from the secretary, nextgen is happening now. this is not something we are doing alone. it is a public and private partnership that...
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Sep 27, 2012
09/12
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CSPAN2
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development planning, based on the economy. that runs in a vicious circle creating an unhealthy and devastating conditions and it is a failed practice. b, the cultural situation. from the standpoint of the politicians who control the world power centers, moral principles -- not principles are rejected as defunct and outdated notions and an impediment to the congressman to their goals. they ultimately talk about their disbelief in the relevance of ethics to the political and social affairs. and indigenous culture of centuries-old efforts of the nations reflecting the profound feeling of love towards beauty and which believes diversity and social dynamism are under constant attack and susceptible to extinction. individual social identity is being opposed to nations by organizing systematic destruction of identities. family and societies at the center emanating love and humanity has been seriously -- and its role is under decline. as a heavenly being a manifestation of the divine image and beauty and the main pillar of every socie
development planning, based on the economy. that runs in a vicious circle creating an unhealthy and devastating conditions and it is a failed practice. b, the cultural situation. from the standpoint of the politicians who control the world power centers, moral principles -- not principles are rejected as defunct and outdated notions and an impediment to the congressman to their goals. they ultimately talk about their disbelief in the relevance of ethics to the political and social affairs. and...
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Sep 30, 2012
09/12
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CNBC
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that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal programs that are going away, we're going to see more unemployment. the defense company will have to notify workers in the next couple of weeks. how important is this? >> well, it is a temporary drag on the economy. i honestly think of all the things that will not happen, starting january 1st, that the chances that we're going to get both rounds of spending cuts agree to last august, including massive defense cuts, i think is pretty slight. i think it will be rectified the next few months. it's terrible we have to put these businesse
that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal...
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Sep 27, 2012
09/12
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KCSMMHZ
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china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the level of these things higher than ever. don't just focus on the negative aspects of things. there is great resilience in the relationship. >> internal changes in china
china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know this picture place is open to tourists unique plants and animals are its top attraction. to be has been exploring the deaths of the world seas for several decades but it's here at more your own island where he has finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world here is extremely rich i've been to many diving locations across the planet including the island of bali on top of my list while some go to the cycling region to enjoy the sights others convert the islands nature's riches into a healthy dollar it
then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know...
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economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we will see more unemployment. the defense companies will have to notify workers in the next couple of weeks. how important is this? >> it is a tempory drag in t the economy. i honestly think of l of the things that will not happen is the chance of getting both unds of spending cuts, including the massive defense cuts is slight. i think it will
economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about...
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find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report. is eve. eve. six. really. thanks. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me. for my hands you know just as if anyone would. but they do tell a story they tell a story of. the oxen. to be soon which brightened. about someone from finest impression. whose friends don't totty don't come. to. the hartland is the town of illusion fifty kilometers north of london. an old working class town now plagued by on employment in two thousand to in the car industry i learned some thirty thousand workers were laid off. its two hundred twenty thousand residents including a large number of muslims so the five thousand of them live in a neighborhood around the league reve road where
find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report. is eve. eve. six. really. thanks. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit...
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the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492
the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better...
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happening to the global economy. the mission free cretaceous and free transport charges free. range ones free risk free studio time free. download free broadcast quality video for your media projects and free media. in two thousand two. hundred twenty thousand residents including a large number of muslims so he. wrote. tommy robinson the founder and leader of e.t.l. lives in luton and agrees to meet us in a. somewhat unexpectedly it's a beauty some of his clients come to college to hail top up that thailand's. the movement's headquarters is temporary it's a squat and a construction site. the following day there's a protest. rankest running point just how i am but it's one of london's most difficult areas the messages are nothing new. even without love it or leave it for example. because socially. what if we were free to fulfill realistically fifteen hundred. maybe more two thousand. people everybody wants to go to have it because the first of all it's. the people who don't care. we can almost tell how it's so how to do. how to do. so how much was badly hit by last august rioti
happening to the global economy. the mission free cretaceous and free transport charges free. range ones free risk free studio time free. download free broadcast quality video for your media projects and free media. in two thousand two. hundred twenty thousand residents including a large number of muslims so he. wrote. tommy robinson the founder and leader of e.t.l. lives in luton and agrees to meet us in a. somewhat unexpectedly it's a beauty some of his clients come to college to hail top up...
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is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit currency is devalued and so you need more of them and yet your salary and your you know your other income typically doesn't go up so there is some ability to evade this of course the stock market is going up dramatically in the last four years but for the ordinary person who's out there trying to earn a wage it's an entirely different situation because their salary isn't going up at all and yet the cost of things like gasoline and heating oil is going to dramatically i mean so we have much talk right now about various taxes we have both candidates talking about their tax policies we have the fiscal cliff with the possible expiratio
is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that a deficit spending is essentially a tax who does this tax fall most most heavily on in the population even if those evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit currency is devalued and so you need...
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find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's talk a bit about the e.u. russia relations after the summit the e.u. russia summit in june. some know this i've been saying that that the talks between russia and e.u. make little progress there the framework agreement is far from being signed so why can't the parties find common grounds for such a long term what will. you be. table all do it with. i do think that both sides russia and do a preview of you have to have a better understanding of the. existing no future of. this great nation russia. do. we have to improve or performances when it comes to th
find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's...
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find out what's really happening to the global economy in these kinds of reports. there are those who desperately need it to survive. misspoken is the time to give money to. goldman the fish. and the suppresses the prize the rights or the food for. those who don't get their share of the traits. good by guts. to raise a million dollars but look the one not us that people need to. look at it is from the company from. those who say to prosper. it's sad to say it's. not. it's. just. no one can live without it's in one of the largest blood banks in the world. blood of nigeria. on our t.v. . overcoming a barrier like this seems impossible. but then you crave something higher. and when you reach tough you. know do whatever it takes to get on the top of the world on artie's. mission and free accreditation free zones for charges free. range and free risk free studio tied for free. download free broadcast quality video for your media projects and free media oh don darty dot com the. since arriving at borat you know i talked with a newsman frenchmen and plenty of russians but
find out what's really happening to the global economy in these kinds of reports. there are those who desperately need it to survive. misspoken is the time to give money to. goldman the fish. and the suppresses the prize the rights or the food for. those who don't get their share of the traits. good by guts. to raise a million dollars but look the one not us that people need to. look at it is from the company from. those who say to prosper. it's sad to say it's. not. it's. just. no one can live...
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with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the actually less we are going to get is i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see all the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me but bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got t
with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got...
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particularly in this new economy. so how do respond to those tv stations or to those newspapers who say that, we would like to do this but we just don't have the resources? >> let me address it first just to say we have partnered with, primarily with newspapers but also with public radio in 11 states. and i think we have found a very successful way to scale fact checking. so we now have 11 states politifact sites, politifact ohio, politifact wisconsin, et cetera, where we have trained journalists at newspapers and at new hampshire public radio how did you politifact fact-checking if they do it. doesn't have to be a big organization. they don't have to put up multiple people. we have our smallest partner is nashua telegraph, a newspaper with circulation of about 17,000 faq great fact-checking on the leaders of new hampshire. so we collectively now, politifact has 36 full-time fact checkers around the country. we have talked to many tv stations. none have been willing to make a commitment to it yet, but i can see that h
particularly in this new economy. so how do respond to those tv stations or to those newspapers who say that, we would like to do this but we just don't have the resources? >> let me address it first just to say we have partnered with, primarily with newspapers but also with public radio in 11 states. and i think we have found a very successful way to scale fact checking. so we now have 11 states politifact sites, politifact ohio, politifact wisconsin, et cetera, where we have trained...
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markets financed scandals find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. morning news today violence is once again flared up the full these are the images the world has been seeing from the streets of canada. china operations are on today .
markets financed scandals find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. morning news today violence is once again flared up the full these are the images the world has been seeing from the streets of canada. china operations are on today .
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not in this economy. not in any economy, frankly. in a time of tightened budgets and other fiscal restrictions, it will prove challenging to fully fund nextgen, but do we, instead, continue to risk mounting challenges we face as a nation stuck with a world war ii era radar based air traffic control system? with so much at stake, i urge members of the committee and congress to move quickly to implement nextgen technology. we stand willing, ready, and able to assist at the port authorize of new york and new jersey. thank you. >> thank you, and thank you, all, for your testimony. mr. barger, you have the opportunity to spend a couple years immersing yourself in issues involved and pieces of the problem, and i think you've looked at it from the point of view of your own organization and the opportunities and challenges. i don't know, but i would -- be remiss if i didn't ask if you had any ideas or suggestions or feelings about how the process is going and how it can be speeded up, how -- skeptical -- people in the industry, some of the p
not in this economy. not in any economy, frankly. in a time of tightened budgets and other fiscal restrictions, it will prove challenging to fully fund nextgen, but do we, instead, continue to risk mounting challenges we face as a nation stuck with a world war ii era radar based air traffic control system? with so much at stake, i urge members of the committee and congress to move quickly to implement nextgen technology. we stand willing, ready, and able to assist at the port authorize of new...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. welcome to the future place fish or swimming bird you can catch both of the premier aviation show of the summer check out a whole family of russian engineering feats of the ship's truly fly or just go with the flow and take in the view of the bay below. but hold on there could be turbulence on board the plane it's only jet powered plane that mark. their love of the world's most powerful choppered and you've got a team ready to douse in the late technology of the day here on a launch we've done the future of covering. the news sigrid laboratory tim curry was able to build a new most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and worry that this is why you should care only on the dot com. this is the south of paris. and there's none of the e.t.o. . just old fashioned sunglasses jackets and shaven heads. a hardlin
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. welcome to the future place fish or swimming bird you can catch both of the premier aviation show of the summer check out a whole family of russian engineering feats of the ship's truly fly or just go with the flow and take in the view of the bay below. but hold on there could be turbulence on board the plane it's only jet powered plane that mark. their love of...
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markets why not come to find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. iraq. prime. coming up.
markets why not come to find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. iraq. prime. coming up.
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to kaiser report. the hartland is the town of illusion fifty kilometers north of london. an old working class town now plagued by a woman. in two thousand and two in the car industry alone some thirty thousand workers were laid off. its two hundred twenty thousand residents including a large number of muslims so she five thousand of them live in the neighborhood around the grieve road. and all the women wear veils. tommy robinson the founder and leader of e.t.l. lives in luton and agrees to meet us in a. somewhat unexpectedly it's a beauty some of his clients come to college they're all top off their times. movements headquarters is temporary it's a squat and a construction site. the following day there's a protest. rankest they're running point just how i am but it's one of london's most difficult areas the messages are nothing near. him would love it or leave it for example. the city. would if we were free to feel thousand. fifteen hundred.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to kaiser report. the hartland is the town of illusion fifty kilometers north of london. an old working class town now plagued by a woman. in two thousand and two in the car industry alone some thirty thousand workers were laid off. its two hundred twenty thousand residents including a large number of muslims so she five thousand of them live in the...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines and tune in to kaiser report on. an early september morning in the seoul town the center for. some the best fighters the greats were on time. the local branch of the radical right is meeting for an early morning raid. the militants some members of the ultra nationalists lucky don't attack and have their own sense of humor nothing funnier it seems than to put on arabic rhodes before heading off for you so. that's what people will call show shiva id. and ten nationalists meet up with a bad you're the leader of the blog. just as if i'll tell you when to raise the order across. germany and luigi you take care of sticking up the those posters. talk of a final check before starting. a song comes out what it doesn't say anything you're going to like us to do now and stay behind mine because right when i play with you but i don't follow because you know no one likes behind him no talking. it's unlikely but if someone does open their shots as you apologize very p
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines and tune in to kaiser report on. an early september morning in the seoul town the center for. some the best fighters the greats were on time. the local branch of the radical right is meeting for an early morning raid. the militants some members of the ultra nationalists lucky don't attack and have their own sense of humor nothing funnier it seems than to put on...
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simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement yeah it's a slow speed car chase but because as you say he's on bath salts he's injected bath salts into the banking system into the monetary system he thinks he's going like five hundred miles per hour like well going so fast. he's slowly crashing. out of me well don't you back of course as well go the way but all these other big money center banks are to big to fail banks are technically insolvent their liabilities are ten times greater than the equity their resale value was your own they've got nothing but a cartridge toner full of back there to crank out counterfeit collateralized obligatio
simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you a football fan no i don't like football i'm not really i don't like football murder for born yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our news room it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vega
spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try...
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should be reforms not only economy but also in part of the state in a democracy taking time couldn't thank you very much for this interview you have i come. download the official application so choose your language stream quality and enjoy your favorites from matsushita t.v. is not required to watch on t.v. all you need is your mobile device to watch our team any time and. courageous and creative. elegant and full and most public speaking. a few european bodybuilders against millions of weak immigrants. these may not seem so serious now. but this could be a real threat. to. european extremists. the friendship asian of russia has started again after two hundred years up at the . sub jet be a pro napoleon has arrived from overseas to lead the army i have to really take my time to prepare myself to get it right. the bloody battle near moscow is going to start over. james brown will reveal the victor the soldiers are back to do it all again. but you know version twenty twelve on r.t. . you know sometimes you see a story and it seems so you think you understand it and then you glimpse som
should be reforms not only economy but also in part of the state in a democracy taking time couldn't thank you very much for this interview you have i come. download the official application so choose your language stream quality and enjoy your favorites from matsushita t.v. is not required to watch on t.v. all you need is your mobile device to watch our team any time and. courageous and creative. elegant and full and most public speaking. a few european bodybuilders against millions of weak...